Newbury Street Acquisition Corp (NBST) - Net Assets
Based on the latest financial reports, Newbury Street Acquisition Corp (NBST) has net assets worth $6.45 Million USD as of March 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($22.97 Million) and total liabilities ($16.51 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read NBST current and long-term liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $6.45 Million |
| % of Total Assets | 28.1% |
| Annual Growth Rate | -64.48% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 43.12 |
Newbury Street Acquisition Corp - Net Assets Trend (2021–2023)
This chart illustrates how Newbury Street Acquisition Corp's net assets have evolved over time, based on quarterly financial data. Also explore Newbury Street Acquisition Corp total assets for the complete picture of this company's asset base.
Annual Net Assets for Newbury Street Acquisition Corp (2021–2023)
The table below shows the annual net assets of Newbury Street Acquisition Corp from 2021 to 2023. For live valuation and market cap data, see how much is Newbury Street Acquisition Corp worth.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $16.27 Million | -87.24% |
| 2022-12-31 | $127.44 Million | -1.00% |
| 2021-12-31 | $128.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Newbury Street Acquisition Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 498744700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $21.85 Million | 134.32% |
| Total Equity | $16.27 Million | 100.00% |
Newbury Street Acquisition Corp Competitors by Market Cap
The table below lists competitors of Newbury Street Acquisition Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JMT Co.Ltd
KQ:094970
|
$40.89 Million |
|
Haranga Resources Ltd
AU:HAR
|
$40.89 Million |
|
Brookside Energy Ltd
AU:BRK
|
$40.91 Million |
|
Mineralbrunnen Überkingen-Teinach GmbH & Co. KGaA
F:MUT3
|
$40.92 Million |
|
Petershill Partners PLC
LSE:PHLL
|
$40.87 Million |
|
Mtag Group Berhad
KLSE:0213
|
$40.86 Million |
|
Autech Corporation
KQ:067170
|
$40.85 Million |
|
M K Land Holdings Bhd
KLSE:8893
|
$40.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Newbury Street Acquisition Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 127,440,351 to 16,266,147, a change of -111,174,204 (-87.2%).
- Net income of 97,368 contributed positively to equity growth.
- Share repurchases of 110,767,269 reduced equity.
- Other factors decreased equity by 504,303.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $97.37K | +0.6% |
| Share Repurchases | $110.77 Million | -680.97% |
| Other Changes | $-504.30K | -3.1% |
| Total Change | $- | -87.24% |
Book Value vs Market Value Analysis
This analysis compares Newbury Street Acquisition Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 9.01x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.64x to 9.01x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $9.14 | $14.99 | x |
| 2022-12-31 | $7.65 | $14.99 | x |
| 2023-12-31 | $1.66 | $14.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Newbury Street Acquisition Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.39x
- Recent ROE (0.60%) is above the historical average (-0.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -0.46% | 0.00% | 0.00x | 1.00x | $-13.47 Million |
| 2022 | -1.01% | 0.00% | 0.00x | 1.02x | $-14.03 Million |
| 2023 | 0.60% | 0.00% | 0.00x | 1.39x | $-1.53 Million |
Industry Comparison
This section compares Newbury Street Acquisition Corp's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $224,857,490
- Average return on equity (ROE) among peers: 3.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Newbury Street Acquisition Corp (NBST) | $6.45 Million | -0.46% | 2.56x | $40.87 Million |
| Artius II Acquisition Inc. Class A Ordinary Shares (AACB) | $-60.27K | 0.00% | 0.00x | $230.18 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $265.09 Million |
| Ares Acquisition Corporation II (AACT) | $11.15K | -0.14% | 45.93x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $1.54 Billion | 21.89% | 4.12x | $409.92K |
| Altenergy Acquisition Corp (AEAE) | $214.04 Million | 5.44% | 0.10x | $72.25 Million |
| Activate Energy Acquisition Corp. Class A Ordinary Share (AEAQ) | $223.53 Million | 0.00% | 0.04x | $235.74 Million |
| Aimei Health Technology Co., Ltd Ordinary Share (AFJK) | $69.76 Million | 0.25% | 0.01x | $163.82 Million |
| Aifeex Nexus Acquisition Corporation (AIFE) | $86.16 Million | -0.10% | 0.01x | $91.13 Million |
| AI TRANSPORTATION ACQUISITION CORP Ordinary shares (AITR) | $-4.24K | 0.00% | 0.00x | $86.22 Million |
| Alchemy Investments Acquisition Corp 1 Class A Ordinary Shares (ALCY) | $115.20 Million | 2.86% | 0.05x | $49.57 Million |
About Newbury Street Acquisition Corp
Newbury Street Acquisition Corporation does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses its search on a technology business in the consumer internet or media space, including sports and entertainment verticals. The company … Read more